On July 29, Congressman Elijah E. Cummings (D-Md.), Chairman of the House Subcommittee on Coast Guard and Maritime Transportation, joined his colleagues in unanimously passing H.R. 1665, the Coast Guard Acquisition Reform Act of 2009—legislation that Congressman Cummings introduced to build on
Dockwise Ltd. announced plans for its wholly owned subsidiary Dockwise Yacht Transport (DYT) to merge with Yacht Path International Inc. The combination of Yacht Path with DYT will create an enterprise capable of transporting yachts of any size to any destination around the globe and broaden the scope of services to any client,
Secretary LaHood for the Department of Transportation addressed the Marine Transportation System National Advisory Council on July 23, 2009. Consistent with America’s Marine Highway Program’s mandates to reduce congestion, conserve energy, and improve the environment, the Secretary charged
The House Committee on Transportation and Infrastructure released the statement of Representative James Oberstar (D-MN) before the Subcommittee on Select Revenue Measures of the House Committee on Ways and Means. In his statement, Representative Oberstar, who chairs the Committee on Transportation and Infrastructure,
Horizon Lines, Inc. (NYSE: HRZ), reported results for its fiscal second quarter ended June 21, 2009. On a GAAP basis, the company reported a net loss of $(31.1) million, or $(1.02) per share, on revenue of $278.5 million. The results reflect certain items, including a $20 million charge related to the
The US Coast Guard is seeking applications for appointment to membership on the Chemical Transportation Advisory Committee (CTAC), which advises the service on matters relating to the safe and secure transportation and handling of hazardous materials in bulk on US-flag vessels in US ports and waterways.
The Rescue 21 Disaster Recovery System (DRS), a self-sufficient mobile system designed to temporarily restore full Rescue 21 communications in the event regular communications are lost, can now be deployed throughout the continental United States with as little as 24 hours notice. This is an important capability as the U.
Seacor Holdings Inc. (NYSE: CKH) announced net income attributable to its stockholders for the second quarter ended June 30, 2009 of $42.3 million, or $1.91 per diluted share, on operating revenues of $389.2 million. For the six months ended June 30, 2009, net income attributable to SEACOR Holdings Inc.
Allan Shapiro has joined Ross & Baruzzini as Vice President and Director of the Transportation Group. In this role, he is responsible for managing the firm’s aviation, seaport, rail transit, and surface transportation practice. Allan brings to Ross & Baruzzini over 35 years of experience in the transportation field.
The Transportation Security Administration (TSA) issued an interim final rule revising its Investigative and Enforcement Procedures to conform to the Implementing Recommendations of the 9/11 Commission Act of 2007. The rule establishes procedures by which TSA may assess civil penalties for violations
On June 20, Technip, supported by Jumbo Offshore, completed the installation of four subsea structures including two Module Support Frames each weighing approximately 150 tonnes. The foundations were lowered to the Grand Banks sea floor at a depth of approximately 120 meters and will support subsea
United Industrial Corporation (OPK) shipyards have delivered a diesel electric line icebreaker "St. Petersburg" to Rosmorport (Russian Maritime Port). A solemn ceremony of the signing of the takeover certificate and making the colors of the Russian Federation on the icebreaker was held at the Baltiysky Zavod plant, a part of OPK.
DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling services, announced today that it has closed the acquisition of the remaining 25% of the total issued and outstanding capital stock of Primelead Shareholders Inc.<br
Secretary of the Navy Ray Mabus and Secretary of the Army Pete Geren announced the names of the first three Joint High Speed Vessels as Fortitude (JHSV 1), Vigilant (JHSV 2) and Spearhead (JHSV 3). A cooperative effort between the Navy and the Army, JHSVs will be used for fast intra-theater transportation of troops,
U.S. Transportation Secretary Ray LaHood announced $60m in grants to 19 states and one U.S. territory to improve ferry service and save and create jobs under the American Recovery and Reinvestment Act.“The Recovery Act was put in place quickly to rescue the economy from the worst recession
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIPW) announced that it has entered into an agreement with Constellation Bulk Energy Holdings, Inc. to acquire Seller's 50% ownership interest in Bulk Energy Transport (Holdings) Limited for a nominal cash consideration. The remaining 50% of BET is owned
The Senate Commerce, Science, and Transportation Committee approved legislation sponsored by Sen. Frank R. Lautenberg (D-NJ) to reduce congestion on the nation’s roads by encouraging freight to be carried by ships. The measure would create a grant program for America’s Marine Highways
Beginning this week hundreds and possibly even thousands of Cubans will have the opportunity to see world-class dancers from The Royal Ballet, Great Britain's largest and most prestigious ballet company, as they perform in Cuba's two most iconic theaters, the Gran Teatro de la Habana, Sala Garcia Lorca and the Karl Marx Teatro.
Crowley announced several management changes within its logistics services group. Robert (Bob) Weist has been promoted to vice president of sales and will be responsible for all business development functions and North American transportation services, including trucking and rail. He remains
In testimony before Congress, PVA President Bill Clark told legislators that the Coast Guard’s centralized system for issuing merchant mariner credentials must be improved.Captain Clark, who is also co-owner and operator of South Ferry, Inc., of Shelter Island, N.Y. testified before
OceanFreight Inc., (NASDAQ:OCNF) a global provider of seaborne transportation services for both drybulk and energy commodities, announced it has agreed to acquire a 2006 built 173,949 dwt Capesize bulk carrier for a purchase price of $61.25m. The vessel is scheduled for delivery before November 30, 2009.
The U.S. Department of Transportation’s Maritime Administration announced $17.1m in grants to 14 small shipyards in 10 states. The grants are part of the Assistance to Small Shipyards program.“Small shipyards are vitally important for the health of the maritime industry,
DryShips Inc. (NASDAQ:DRYS) a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling services, announced that it has entered into an agreement to acquire the remaining 25% of the total issued and outstanding capital stock of Primelead Shareholders Inc.Upon closing of this transaction,
In a prepared statement for Congressman, Elijah E. Cummings (D-Md.), Chairman of the House Subcommittee on Coast Guard and Maritime Transportation, addressed a hearing on The National Maritime Center and Maritime Credentials. A live webcast of the hearing is available at http://transportation.house.
The U.S. Department of Transportation’s Maritime Administration has sold two ships for recycling to Esco Ltd. of Brownsville, Texas for a total of $171,452. Resolute, a partial container/breakbulk ship built in 1980, brought a purchase price of $90,726. Resolute is currently moored
Fifty years after the official opening of the St. Lawrence Seaway by Her Majesty Queen Elizabeth II and President Dwight D. Eisenhower, the Canadian and U.S. Seaway corporations remain resolute in their commitment to the sustainability of this bi-national transportation system. A recent U.S. and Canadian
The U.S. Department of Transportation’s Maritime Administration today announced $17.1 million in grants to 14 small shipyards in 10 states. The grants are part of the Assistance to Small Shipyards program.“Small shipyards are vitally important for the health of the maritime industry,
LC Volgo-Baltic Logistic (VBL), one of Russia’s biggest freight agencies, has signed an exclusive agreement with Dutch Heavy Lift shipping company Jumbo Shipping. Jumbo Shipping has appointed VBL as its exclusive commercial agent for Russia and the Commonwealth of Independent States (CIS). <br
DynCorp International LLC, Fort Worth, Texas, is being awarded a $45,649,330 modification to previously awarded cost-plus-award-fee contract (N62742-08-C-1115) to exercise the second option period to provide support services for Philippines Operations Support in the Republic of the Philippines
Safe Bulkers, Inc. an international provider of marine drybulk transportation services, announced updates to its fleet and employment profile.The company has cancelled one of its two Capesize class newbuilds and has substituted it with another newbuild to be delivered in April 2010. The
Congressman Elijah E. Cummings (D-Md.), Chairman of the House Subcommittee on Coast Guard and Maritime Transportation, joined his colleagues in a vote of 389-22 to approve the National Defense Authorization Act, H.R. 2647, which included a Cummings amendment that would require the Department of Defense to protect U.
Alan C. McClure Associates (ACMA), a naval architecture and engineering firm, announced that the first dry dock for a ferry being built for the Texas Department of Transportation (TxDOT) has been completed at Conrad Deepwater in Amelia, Louisiana. ACMA and Schuller & Allen provided engineering and design for the new 264-ft vessel,
The Port of Wilmington took a major security step to comply with the Transportation Worker Identification Credential (TWIC) program. Port security officials are using Datastrip’s DSV2+TURBO card readers to enroll and positively identify the port’s authorized workers. Codebench’s PIVCheck
Led by Alexander Ananenkov, Deputy Chairman of Gazprom Management Committee, the company’s delegation continues its business trip to Saint Petersburg.The delegation is composed of Oleg Aksyutin, Member of the Management Committee – Head of the Gas Transportation, Underground Storage and Utilization Department,
Abu Dhabi Ship Building (ADSB) has begun work on the first of two steel landing craft being built for the Royal Bahrain Naval Forces. The contract for the 137.8 ft vessels was won against stiff competition from international shipyards, further confirming ADSB’s position as the region’s leading provider of support services to GCC navies.
Washington State Department of Transportation Ferries Division (WSF) has sold four 1927-built Steel Electric class vessels to Eco Planet Recycling, Inc. of Chula Vista, Calif. The total combined sale price for all four ferries is $200,000.The Washington State Department of General Administration approved the sale on Wednesday,
The United Seamen's Service (USS) 2009 40th Annual Admiral of the Ocean Sea Awards (AOTOS) will be presented to Donald Kurz, President and CEO of Keystone Shipping Co., headquartered in Philadelphia, and to Ronald Widdows, Group President and CEO of NOL (Neptune Orient Lines) of Singapore, parent company of American President Lines (APL).
DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has signed an agreement with DnB NOR on waiver terms for $86m of our outstanding debt. George Economou, Chairman and Chief Executive Officer,
Safe Bulkers, Inc. (NYSE: SB), an international provider of marine drybulk transportation services, announced the sale of a Panamax Class Vessel. Safe Bulkers has entered an agreement to sell a 76,000 dwt Panamax class vessel built in 2003 for $33m, excluding commissions to brokers. The vessel will be delivered to its new owners in December 2009.
Westway Terminal Company LLC, a wholly owned subsidiary of Westway Group, Inc. (WTWG), opened Phase I of a Custom Built Bulk Liquid Storage Terminal for Nynas Americas at the Westway's Houston-1 Terminal.In an effort to improve its customer satisfaction and efficiencies, Nynas contracted